A lot has been said and written about the rise of non-fungible tokens (NFTs) and how they’re going to change the market for art collectors.
If you want to get in on this fast-growing field, you need an NFT app or wallet.
There are still a few options out there, but not all of them are the same.
This article looks at the best NFT wallets and apps so that people can learn about the pros and cons of each one.
When you choose an NFT wallet, there are some things you should look for.
Check to see if it has a lot of space.
An easy-to-use interface
The idea of NFTs is already difficult for people who are just learning about them. You don’t need an app that makes things even more difficult.
So, it’s good to choose an app that is simple to set up and use.
At this early stage, there isn’t yet a wallet for people who aren’t very good at money.
However, some of the few options that are available can say that they are good for people who are just starting out with collecting NFTs.
Multiple Devices Can Be Supported
Most NFT apps can be added to a website or used on a smartphone or computer.
It is ideal for people who want to manage tokens on more than one device. Metamask, for example, can be used on both phones and tablets, and it can keep track of transactions in real time.
Compatibility across chains
For people who use NFT, Ethereum is the best blockchain because it’s popular and has a lot of people who work on it.
In this way, it isn’t a surprise that most wallets can store Ethereum-based tokens (ERC-721 standard).
However, if you want to mint, buy, and sell NFTs on other networks, you’ll need a wallet that can work with other blockchains, or at least one that can work with the one you want to use.
Examples of other blockchains that can use these tokens are Tezos, Zilliqa, Binance Smart Chain, and so on.
Metamask lists the top five wallets to start collecting NFTs.
ConsenSys, which is part of the Ethereum Foundation, makes Metamask the best NFT wallet for both creators and collectors.
If you want to connect to decentralised apps (dApps), you can use this browser extension to do it. For example, it lets you connect to the NFTs that run on them.
In 2020, ConsenSys released the mobile version of Metamask, which makes it easier to get NFT tokens and use other dApps.
Using Metamask, you can make an Ethereum wallet that can be used to mint and trade these tokens on any Ethereum-based platform.
Pros
Metamask isn’t too hard to set up for people who know a little about cryptocurrencies.
Transactions are kept in sync across both mobile and web extension apps.
Users can easily set up and switch between different ETH addresses they own.
Metamask’s mobile version has a built-in browser that lets you look at both NFTs and DeFi applications.
The mobile app can also move ERC-721 tokens from one address to another.
A built-in feature in Metamask lets you make direct exchanges between Ethereum and other ERC-20 tokens right away.
Optimised and advanced fee customisation lets users set gas prices to match the amount of traffic on the network.
Cons
Most of the time, Metamask works with Ethereum and other blockchains that work with the EVM.
There are also concerns about the wallet giving out personal information to data collection networks.
Enjin
For people who like to collect in-game NFTs and other things, Enjin is a good blockchain wallet to use.
Enjin’s wallet also has a place where you can trade cryptocurrencies and tokens for the project’s own token, ENJ. This token is used to buy and sell these digital assets.
Enjin has a one-click browser that lets you get to many Ethereum-based dApps, like those used for decentralised finance (DeFi).
Another part of the project is also in the process of being integrated into Samsung S10 phones so that users can use it as a built-in blockchain wallet for their phones.
Pros
When you use Enjin’s blockchain wallet, you can get one of the best UIs for collecting NFTs.
The app has a place where you can trade in-game NFTs and other digital collectibles.
A built-in exchange feature also makes it easy for people to move from one cryptocurrency to another.
Enjin has a customer support desk, which isn’t the case with other wallet providers.
The app also has a lot of advanced security features, like biometrics and auto-lock.
Cons
The Enjin wallet can only be used on a smartphone.
The app only works with Ethereum-based NFTs and assets.
In this case, the Math Wallet is called that.
Math Wallet says it’s “your gateway to the blockchain world,” and it’s backed by Binance Labs and Alameda Research, two of the best incubators in the world.
It’s another good choice for people who want to make or collect things but don’t want to use Metamask.
Math Wallet has built-in support for 65 public blockchains, making it easy for users to manage their assets across these networks.
A web browser add-on for web browsers. It can also be used as a web wallet for different blockchain networks.
Pros
Multiple blockchains can be used natively.
Cross-device compatibility and sync.
MathWallet has a one-click dApp store that lets you get to NFT and DeFi Apps.
The app has a feature that lets you change currencies.
Hardware devices like Ledger have a Math Wallet built in, which adds even more security to stored assets.
Cons
iOS users say they have problems with dApp staking.
Math Wallet is still being worked on.
As a result, users may run into bugs, especially on mobile apps.
In this case, you can trust your wallet.
Trust Wallet is another popular mobile wallet for people who want to buy NFTs. It has more than 5 million users.
The app has a list of dApps for art markets, so users can get to sites like OpenSea, MyCrypto Heroes, Axie Infinity, and more with one click.
Users can store and manage their assets on the Trust Wallet app, even though it doesn’t support the transfer of NFTs, but they can still use the app.
Trust Wallet has built-in support for public chains like Binance Smart Chain, Ethereum Classic, TomoChain, ThunderToken, GoChain, and Calisto, which are all public chains.
Pros
Trust Wallet has a pretty easy-to-use interface.
One-click access to NFT apps is available through Trust Wallet.
Multiple blockchains allow for more options.
The Trust Wallet has a built-in feature that allows you to exchange cryptocurrency.
It can also be used to store cryptocurrency and DeFi money.
Cons
The app is only available on mobile.
People who use the Trust Wallet because it’s linked to Binance will see more Binance-based products than those made by a close competitor, Ethereum.
AlphaWallet
AlphaWallet is an open source Ethereum-only blockchain wallet. It has a function for minting and collecting NFTs, as well as a way to store them.
Directly supported apps include OpenSea, CryptoKitties, Dragonereum, ChainZ Arena, and many more.
The app is also compatible with all in-game Ethereum-based assets, making it a good choice for people who want to keep track of them.
AlphaWallet is only available on mobile, but the website has a lot of open-source tools for developers, artists, and businesses who want to use blockchain-based tokenization in other ways.
Pros
AlphaWallet has built-in support for all Ethereum-based games and tokens.
The app comes with a web3 browser that lets you look at other dApps and DeFi apps.
The interface is easy to use and is good for people who are just learning about Ethereum and NFTs, like when they first start.
AlphaWallet is still being worked on and can easily add new features to meet the needs of the community.
Cons
AlphaWallet only works with Ethereum apps and sidechains.
The app can only be used on a mobile phone (Android and iOS).
How do you choose the best NFT wallet for your money?
The best NFT app usually comes down to two things.
To start with, figure out if you’re a creator or a fan.
Second, think about the tools you have at your disposal.
People who make things
Creating NFT art usually means connecting to marketplaces like OpenSea, Rarible, Makers Place, and so on all the time.
Most of the time, creators have to upload their files and set up other features.
Such tasks usually require a desktop or computer and are hard to do on a mobile device.
Thus, creators should use MetaMask or Math Wallet because both wallets can be added to their browsers.
For people who like to keep things.
Whether you’re just collecting NFTs from blockchain-based games or artists, you can easily make these transactions on mobile wallets that can store and move these items.
As a result, Metamask’s mobile version is ideal for these kinds of transactions. Enjin, AlphaWallet, and Trust Wallet are also great for this kind of thing.
How do I get a wallet for NFT?
This article has a link to the official website where people can download the wallets on their devices that are compatible with them.
The above are self-custodial wallets, and they usually give you a backup seed phrase when you set them up.
You can use the seed phrase to get your wallet and assets back if you lose your device.
Keep in mind that you will need to buy Ethereum’s native token, ETH, on an exchange or broker, and then transfer it to your wallet after it’s been set up.
There are a lot of different chains that use the Binance coin (BNB). You’ll need to buy it and send it to a wallet address.
The money you buy is used to pay transaction fees when you collect or mint NFTs.
You want to know how to keep your crypto collectibles safe.
Crypto collectibles could be worth a lot more in the future or hold important memories for the person who owns them.
When you want to keep these digital assets safe, keep these tips in mind:
It’s best to get NFT apps and wallets from official sites and app stores.
Keep your seed phrase in a safe place and don’t enter it on any website after you set it up.
Always add the NFT apps you visit to your browser’s bookmarks. This way, you won’t fall for phishing websites.
Keep in mind that if you use a browser extension wallet, always lock or sign out before you turn off your computer.
Make sure you don’t use public computers to play games with NFTs.
If you have to, make sure to delete all of your data before you leave.
Conclusion
Being a new field means that existing NFT apps aren’t finished and could use a lot of work.
However, a few of the options have more advanced features that can help both people who make things and people who collect them.
A lot of people use NFT, and this article looked at five of the best wallets and gave advice that can help each person figure out which one is best for their transactions.
If you want to keep your crypto-collectibles safe as the world watches to see how far NFT can go, it gave you some advice.